A longtime CEO of the Summit Association of Realtors who stole more than $415,000 from the nonprofit organization has been sentenced to five years in prison and must pay back the money. The Summit County District Attorney’s Office announced Tuesday that 62-year-old Sue Frank was sentenced after pleading guilty to felony theft. Frank, who led the association for nearly 20 ...
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The BROUHAHA of Oga Martins – Episode 17
If they thought the day was bad enough, it just grew worse. Martins wished he could fast-forward time and not have to deal with the present situation but there was no avoiding it. Reality was different from fantasy and his reality right now was that he was held hostage in a burnt down house and couldn’t go to work. With ...
Read More »A Brief of Land Ownership In Nigeria
Land Ownership in Nigeria is regulated by the Lands Use Act Cap 202 Volume 11 Laws of the Federation, 1990. The law vests ownership of all land within a state (except those vested in the Federal Government or its agent) in the Governor of the state who holds land in trust for the people and allocate same as far as ...
Read More »Lamudi acquires PH real estate brand MyProperty.ph
Global property portal Lamudi announced Tuesday that it had acquired MyProperty.ph, a popular online and print real estate brand in the Philippines. The deal size was not disclosed, but Lamudi executives in the Philippines tagged the transaction as the “biggest acquisition in online real estate”. Lamudi is one of the 36 subsidiaries of German-based Internet company Rocket Internet “It’s actually a ...
Read More »The Federal Mortgage Bank of Nigeria: An Overview
Housing sector plays a critical role in the development of an economy. It not only affects the welfare of the citizens but also the performance of other sectors of the economy. It is one of the three most important basic needs of man, the others being food and clothing. Consequently, greater attention is being given by governments in the delivery ...
Read More »Who truly owns Lagos?
Every man has a history so does a place. There has been various claims by some notable tribes as to who really owns Lagos, prominent amongst them are the Igbos who are the biggest investors in the largest city in sub-saharan Africa just like they are in the FCT. That would have been the same story in Calabar, Port Harcourt ...
Read More »Essential tips for first time home buyers
It has eventually come to that point where you feel you’ve grown out of your tiny, rented apartment and have built a career that provides a stable income. It looks like you’re ready to buy your first home! Buying your first home can be a daunting task, so we’ve provided some tips for first-time home buyers to help you enjoy ...
Read More »Real Estate Investment To Grow 49% In Nigeria by 2020 – PwC
Nigeria’s real estate investment is expected to increase by 49 percent by the year 2020 to reach $13.65 billion, auditing firm PricewaterhouseCoopers (PwC) said a new report. The report titled ‘Real Estate: Building the future of Africa’ predicted the sector will grow at 8.7 percent making it the sixth largest in the economy. The growth will be on the back ...
Read More »Real estate agent, aide dupe 2 Nigerian students & others of 2.78 lakh
Pune, India: Five students, including four foreign nationals, were allegedly duped of Rs 2.78 lakh by a real estate agent and his aide, on the pretext of helping them get flats on rent in Kondhwa between February and April. The agent, Punit Nandwani, and his aide (name not known) are on the run. Two of the students are from Nigeria, ...
Read More »75% of prime real estate buyers in Dubai are foreigners
Every year, billions of dirhams are generated from the sales of luxurious flats in Dubai. But where does the money come from and who are the wealthy buyers? According to Christie’s International Real Estate, there are more high-net-worth individuals (HNWIs) snapping up prime property in Dubai than in traditional hotspots in the United States or United Kingdom. In fact, Dubai ...
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